The Wellsprings of the 2007-08 Food Cri…

With wheat and maize rising in price by 60 percent and 50 percent respectively since June, concern is rising over the cause of food price increases and what can be done about them. A new 142-page report by the International Food Policy Research Institute in Washington, DC takes an exhaustive look at the combination of factors that drove prices through the roof in 2007 and 2008 and seeks to explain how to prevent a recurrence of them. The report was written by Shenggen Fan, the IFPRI's director general, and Derek Headey, a research fellow at the Washington-based organization, one of 15 centers supported by the Consultative Group on International Agricultural Research, an alliance of 64 governments, private foundations, and international and regional organizations.

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